menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Business Mathematics Study Set 1
  4. Exam
    Exam 2: Review and Applications of Algebra
  5. Question
    In January of 2008, the Federal Government Reduced the GST
Solved

In January of 2008, the Federal Government Reduced the GST

Question 130

Question 130

Short Answer

In January of 2008, the federal government reduced the GST rate from 6% to 5%. What was the resulting percent reduction in the dollar amount of GST consumers paid on any item?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q125: Goldfield Resources' share price fell by $4

Q126: Simplify the following: (a<sup>2</sup>) (a<sup>-6</sup>) (a<sup>3</sup>)<br>A) a<sup>11</sup><br>B)

Q127: Solve for x and y in the

Q128: When x is 3, the result of

Q129: The statistics for a professional accounting program

Q131: Simplify: h<sup>7</sup> /h<sup>-4</sup>

Q132: Erin has invested in both an equity

Q133: Solve for x: <span class="ql-formula"

Q135: The price of the shares of Nadir

Q381: Simplify:<br> <span class="ql-formula" data-value="\frac{\left.(x^{5})\right (x^{6})}{x^{9}}"><span class="katex"><span

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines